China United Network Communications Group Co., Ltd., doing business as China Unicom, is a Chinese state-owned telecommunications operator. Originally founded in 1994 as a wireless paging and GSM mobile operator, it currently provides a range of services including mobile network, long-distance & local calling, data communication, Internet services, digital television, and IP telephony. As of 2022, China Unicom is the third-largest wireless carrier in China and the sixth largest mobile provider in the world.[4]
History
China Unicom, then known in Chinese as, was founded as a state-owned enterprise in 1994[4] by the Ministry of Railways, the Ministry of Electronics and the Ministry of Electric Power Industry; the establishment was approved by the State Council in December 1993.[5]
China Unicom was among six state-owned companies that built the communications infrastructure and assisted in financing the Ministry of Industry and Information Technology's Connecting Every Village Project, which began in 2004.[6] The project aimed to promote universal telecommunications and internet access in rural China.[6] The program successfully extended internet infrastructure throughout rural China and promoted development of the internet.[6]
China Unicom has operated a CDMA network in Macau since October18, 2006[7] and internet services in North Korea since 2010.[8] As of the end of April 2008, the company had 125 million GSM subscribers and 43 million CDMA subscribers.[9] As of November 2008 the CDMA operations have been moved to China Telecommunications Corporation (China Telecom Group).[10] On 7 January 2009, China Unicom was awarded WCDMA license to expand its business to 3G telecommunication.[11] UMTS (Universal Mobile Telecommunications System) was launched in major cities across China on May 17, 2009.
On July 11, 2020, China Unicom joined hands with Lu Han to launch the "FuLu Companion Card", which sounded the forward number for the further development of 5G. LuHan also officially unlocked his new identity and became a "China Unicom Innovation Partner", with the "FuLu companion card" to bring exclusive benefits and surprises to the majority of Unicom users.[12]
IPOs
In February 2000 a subsidiary "China Unicom Hong Kong" was incorporated in Hong Kong and was listed on the Hong Kong Stock Exchange on June 22, 2000.
The intermediate parent company "China Unicom (Hong Kong) Limited" was "China Unicom (BVI) Limited", As of 31 December 2001, the BVI company owned 77.47% shares of China Unicom (H.K.). In turn, China Unicom (H.K.) owned the operating subsidiaries of the group. In 2002, another intermediate parent company "China United Network Communications Limited" was established in Shanghai (headquartered in Beijing), to own 51% stake of "China Unicom (BVI) Limited" as well as listing the shares in the Shanghai Stock Exchange.[13] As of 31 December 2002, state-owned China Unicom Group owned 74.6% shares of the A share company, in turn the A share company owned 73.84% of the BVI company.[14] The BVI company owned 77.47% shares of the red chip company.[15] To sum up, the Chinese Government via A share company, owned 42.67% stake of the operating subsidiaries, as well as additional 20.27% stake by the minority stake in the BVI company.
Equity investments
China Unicom's most recent equity investments have shifted focus from traditional telecom infrastructure toward digital, cloud, and international growth.[55]
- PCCW (18.46%, held by unlisted portion of China Unicom Group)[54]
- Telefónica (1.27%, held by Hong Kong listed subsidiary "China Unicom (H.K.)")[26]
- BlackRock: increased stake in China Unicom by 1% in Q1 2023 (now about 5%).[55]
Surveillance allegations
In December 2020, The Guardian reported that a security researcher identified evidence of surveillance campaign against Americans by China Unicom via Caribbean mobile networks, Cable & Wireless Communications and BTC. China Unicom denied the allegations.[59]
See also
- Communications in China
- Telecommunications industry in China
- List of mobile network operators
- List of telephone operating companies
External links
References
- 运营商简报「2023年9月26日刊」三大运营商员工数据分析_中国电信_法治_项目 Sohu^
- 2016 Annual Report China United Network Communications Limited, 16 March 2017, retrieved 25 August 2017^
- China Unicom. PeeringDB PeeringDB, retrieved October 31, 2022^